Emrich v. Touche Ross & Co.

846 F.2d 1190 Fed. Sec. L. Rep. P 93,762, 11 Fed.R.Serv.3d 226 , RICO Bus.Disp.Guide 6943 Phillip EMRICH; Eric Gillberg, Plaintiffs-Appellants, v. TOUCHE ROSS & COMPANY; Sam Battistone Sr.; Sam D. Battistone Jr.; F. Newell Bohnett; Robert Hild; Owen Johnston; William L. Wagner Sr.; George McKaig; Dan V. Angeloff; George A. Cavelletto; Bruce N. Anticouni, Defendants-Appellees. No. 86-6347. United States Court of Appeals, Ninth Circuit. Argued and Submitted Nov. 4, 1987. Decided May 16, 1988. Richard M. Mosk and Scott L. Zimmerman, Sanders, Barnet, Jacobson, Goldman & Mosk, Los Angeles, Cal., for plaintiffs-appellants. Gary R. Ricks and Dana M. Sabraw, Price, Postel & Parma, Santa Barbara, Cal., for defendants-appellees. Appeal from the United States District Court for the Central District of California. Before TANG, WIGGINS and KOZINSKI, Circuit Judges. TANG, Circuit Judge: 1 Phillip Emrich and Eric Gillberg (plaintiffs) appeal the district court's grant of Touche Ross & Co., et al.'s (defendants) motion to dismiss the action with prejudice in plaintiffs' suit alleging violations of federal and state securities laws, California common law, and the Racketeer…